Segment reporting

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 15: Segment reporting

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group in deciding how to allocate resources and in assessing performance. Our chief operating decision-making group is composed of the chief executive officer, chief financial officer and members of senior management. We operate in three operational segments, Medicsight Software/Devices, Medicsight Services and MGT Gaming. Certain corporate expenses are not allocated to segments.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies (Note 2). We evaluate performance of our operating segments based on revenue and operating (loss). Segment information for the three and six months ended June 30, 2012 and June 30, 2011 are as follows:

	Medicsight									Unallocated
	Software/ Devices			Services			MGT Gaming			corporate/ other			Total
Three months ended June 30, 2012
Revenue from external customers	$	13		$	43		$	—		$	—		$	56
Cost of revenue		—			63			—			—			63
Gross profit/(loss)		13			(20	)		—			—			(7	)
Operating loss		(472	)		(27	)		(69	)		(562	)		(1,130	)
Three months ended June 30, 2011
Revenue from external customers	$	217		$	—		$	—		$	—		$	217
Cost of revenue		96			—			—			—			96
Gross profit/(loss)		121			—			—			—			121
Operating loss		(1,996	)		—			—			(421	)		(2,417	)
Six months ended June 30, 2012
Revenue from external customers	$	206		$	63					$		$—	$	269
Cost of revenue		36			63						—			99
Gross profit/(loss)		170			—			—			—			170
Operating loss		(956	)		(14	)		(69	)		(768	)		(1,807	)
Six months ended June 30, 2011
Revenue from external customers	$	264		$	—					$		$—	$	264
Cost of revenue		100			—			—			—			100
Gross profit/(loss)		164			—			—			—			164
Operating (loss)		(4,262	)		—			—			(750	)		(5,012	)
		—
June 30, 2012
Cash and cash equivalents	$	2,434		$	—		$	—		$	3,224		$	5,658
Intangible assets		—			—			1,802			—			1,802
December 31, 2011
Cash and cash equivalents	$	3,123		$	—		$	—		$	581		$	3,704
Intangible assets		—			—			—			—			—